Short-term impact of COVID-19 on consumption spending and its underlying mechanisms: Evidence from Singapore

• المؤلفون الرئيسيون: KIM, Seonghoon, KOH, Kanghyock, ZHANG, Xuan
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2022
• الموضوعات: COVID-19; pandemic; consumption spending; labor market; monthly panel data; Singapore; Asian Studies; Behavioral Economics; Public Health
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/2443; https://ink.library.smu.edu.sg/context/soe_research/article/3442/viewcontent/dp13354.pdf
• المؤسسة: Singapore Management University

We examine the short-term impact of COVID-19 on consumption spending and labor market outcomes. Using monthly panel data of individuals mainly aged 50–70 in Singapore, we find that COVID-19 reduced consumption spending and labor market outcomes immediately after its outbreak, and its negative impact...